insurance
Complex insurance processes alienate tech-savvy users
Complex insurance processes alienate tech-savvy users
About a third of Asian travellers purchase insurance only days before a trip.
Regulator pushes for mergers in Indonesia amidst premium stagnation
Insurance penetration in Indonesia has declined to 2.64% in 2023.
ICA unveils roadmap to temper skills and talent shortage in insurance sector
Nine in 10 insurance employers struggled to find skilled staff last year.
Allianz reels two new senior hires to boost health line
Both have over a decade's worth of experience.
Zurich Financial hires UK executive as ANZ risk chief
The CRO will succeed Jaimie Sach, who is retiring after three decades in the industry.
New Singlife campaign offers up to 4.5% returns amidst inflation woes
It is available for the first S$10,000 in an account.
Cathay Life net profit surges to $2b despite premiums decline
Premium slump was driven by weaker demand for investment-linked and interest-sensitive annuities.
Artarindo's premium retention lags behind industry
However, its profitability is expected to remain stable.
Tata AIA Life opens offshore branch at GIFT City
The products offered target non-resident Indians (NRIs).
Insured losses from NatCat surge to $151b, fueled by urban growth
The five-year average annual loss is at $106b.
Tong Yang Life's profit prospects strong under new ownership
Woori FG is supported by Woori Bank, one of Korea’s domestic systemically important banks.
China Re’s H1 2024 net earnings triples to $830m
EPS stood at RMB0.13.
Sun Life’s new hire to oversee digital platform expansion
He was formerly with Prudential.
South Korea’s insurers bag $7b in earnings for H1 2024
This was equivalent to a 2.8% YoY rise.
Asian insurers shift to private credit amidst new RBC rule
APAC insurers allocate an average of 6.4% of their portfolios to illiquid credit.
Zhong An’s H1 2024 earnings fall 24.5% YoY
Its EPS stood at RMB1.11 cents.
Asia Pacific drives 54% of bancassurance market growth
The market is seen to expand by 6.74% this year.
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The Group was recognised in Papua New Guinea and Fiji for insurance, bancassurance, and partnerships.
Commentary
Why expanding embedded insurance is Asian telcos’ next differentiator